Modern Wealth Management LLC Sells 10,259 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Modern Wealth Management LLC decreased its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 79.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,710 shares of the company’s stock after selling 10,259 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 447.6% in the first quarter. Bogart Wealth LLC now owns 115 shares of the company’s stock valued at $25,000 after buying an additional 94 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in iShares U.S. Aerospace & Defense ETF by 395.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after acquiring an additional 95 shares during the last quarter. Optima Capital LLC bought a new stake in iShares U.S. Aerospace & Defense ETF during the 4th quarter worth about $28,000. Clearstead Trust LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF in the 1st quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. acquired a new stake in iShares U.S. Aerospace & Defense ETF in the 4th quarter valued at about $30,000.

iShares U.S. Aerospace & Defense ETF Trading Up 1.6%

Shares of BATS ITA opened at $243.91 on Tuesday. iShares U.S. Aerospace & Defense ETF has a 1-year low of $191.19 and a 1-year high of $251.49. The company has a 50-day moving average of $234.79 and a two-hundred day moving average of $232.24. The company has a market cap of $10.73 billion, a PE ratio of 34.35 and a beta of 0.87.

About iShares U.S. Aerospace & Defense ETF

iShares U.S. Aerospace & Defense ETF, formerly iShares Dow Jones U.S. Aerospace & Defense Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Aerospace & Defense Index (the Index). The Index measures the performance of the aerospace and defense sector of the United States equity market. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts.